The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
Many companies used brute force to meet the initial lease accounting deadlines. To comply long term, they will need processes, policies, and controls.
FASB should postpone the effective date of the “significant and complex” ASC 842 for a year for private companies, AICPA says.
Here's a look at issues companies will face in implementing the new lease accounting standard.
Here are CFO editors’ picks for the best accounting stories this year.
Many companies still have plenty of work to do to comply with the new lease accounting standard. What’s holding them up?
There are 10 critical issues that U.S. companies are struggling with as they prepare for ASC 842.
PwC offers a primer for the many companies that aren't yet far along in their implementation process for the new lease accounting standard.
Yes, complying with the new lease accounting standard presents a compliance burden. But the effort may well lead to operational and cost improvements.
Forty-two percent of public companies are either still assessing the impact of the new lease accounting rules or have not even gotten that far, finds PwC.
With ASC 842 slated to take effect in just a few months, accounting teams need a methodical approach to implementation. Here is a guide.
